Binance Coin price slips below $15.80

The Binance Coin price line drops below the $15.80 mark on the 9th of March while showing ruffled price movements all over the day. The cryptocurrency trades with a day’s range of $16.4656899 — $17.0014640. ReiX is a trading view analyst who believes that the coin will exhibit a scalp play towards the $19.5 level.

1-Day Binance Coin Price Analysis (09th March)

Binance Coin Price Chart

Binance Coin Price Chart by TradingView

The cryptocurrency began trade near the $17.00 mark on the 9th of March, after which it showed a series of falls and rises on until it saw a bearish momentum in the afternoon. The cryptocurrency slipped below the $15.80 mark and saw a day’s low of $15.6558 US Dollars. The coin saw retracement towards the $16.60 mark while it closed the day with a trading value of $16.5981 US Dollars. At the time of writing, Binance Coin trades at  $16.6822112 US Dollars.

Binance Coin: predictive analysis

ReiX discussed how the Binance Coin has exhibited a full 0.786 retracement of the move, like other altcoins.

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

Reix is of the opinion that the cryptocurrency meets the criteria for a long scalp towards $19.5. In the chart above, the confluences include the trendline support, the 0.786 Fibonacci retracement level, and the RSI divergence that’s potentially bullish.

Featured Image by Curtis Thornton.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.

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